Thursday, Mar 08, 12:25 GMT
U.S. Trading Newsletter
To Get Started
- Special Coverage: ECB meeting preview by FXstreet.com
- Forex Forum: BoE Policy Meeting
- Forex Forum: What will be Trichet's decision?
- Special Webinar: Trade Non-Farm Payrolls LIVE with Wayne McDonell
- Check out the rest of our newsletters and subscribe now!
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Special Webinars
A simple trading strategy using the 200MA
Expert: Sunil Mangwani
Start: Thu, Mar 8, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 12, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
EUR/USD
Daily Outlook - EUR/USD: Stand aside by Karoll
The fall started from 1.3258 is obviously corrective in nature and finished at 1.3071. The subsequent rise is also corrective in nature. At first glance this signals a possible flat correction started from 1.3258 which requires impulsive fall below 1.3071 in wave C of the said flat when the current corrective recovery is over. However my idea is different and it has the same conclusions in short term but much bearish in linger term.
- EUR/USD intraday chart - testing trendlines by Tony Juste
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Forex Technical Analysis - EUR/USD:(1.3174) Neckline of ST Double Top 1.3079 managed to hold by KBC Bank
Global FX Daily - European Edition - RBNZ raises rates but NZD remains driven by JPY sentiment by Mellon Foreign Exchange
Daily Technical Analysis - EUR/JPY: Rallying from the lower levels of the last three months yet the Euro is still oversold by Mizuho Corporate Bank
Majors at a Glance
- EUR/USD
- Moves down below 1.3155
03/08/2007 10:13 GMT - GBP/USD
- Trades above 1.9325
03/08/2007 10:16 GMT - USD/CHF
- Moves up above 1.2200
03/08/2007 10:17 GMT - USD/JPY
- Continues to move up above 116.80
03/08/2007 10:20 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - GBP/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU ECB RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Mar 8 | 12:45 | ECB Rate Decision | 3.75% | 3.50% |
The upcoming meetings of the two main Central Banks from the old Europe can be read under two very different approaches. On the one hand the ECB (European Central Bank) will probably hike interest rates 25bp to 3.75%, trying to contain inflation fears. The Market will be waiting for J.C. Trichet's press conference in order to get further clues of the short and mid-term moves by the Bank.
- Vote in our FOREX FORUM poll: What will be Trichet's decision?
- European Central Bank homepage
- Forex - Euro steady as investors await Trichet's comments after ECB rate call (AFX News)
Daily Forex Technical Report - Euro Strengthens against Dollar and Yen ahead of ECB Rate Decision by ActionForex.com
Wakeup Call on Forex Markets - Focus on ECB and BOE by Saxo Bank
Top Market Movers Review
GB BANK OF ENGLAND RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 8 | 12:00 | Bank of England Rate Decision | 5.25% | 5.25% | 5.25% |
Bank Of England Leaves Bank Rate Unchanged At 5.25% (Dow Jones)
The Bank of England left its official bank rate at 5.25% Thursday following a two-day monthly meeting of its Monetary Policy Committee. The decision to leave rates unchanged was expected.
[ Full Story ]- Vote in our FOREX FORUM poll: What will BoE do with interest rates?
- Bank of England Maintains Bank Rate at 5.25% - BoE
- The Bank of England keeps interest rates unchanged at 5.25% (FXstreet.com)
- The Bank of England keeps interest rates unchanged at 5.25% (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "Bank of England decided not to follow the IMF and keep rates steady, in a common-sense decision, that will relief the UK economy for the time being. However, we also have to include this decision in the fight of the Bank to keep sterling at a low level in order to keep trade deficit low" - FXstreet.com
ECB and BoE meeting preview by FXstreet.com
Daily Market Report - The Bank of England is expected to hold this week by Wachovia Corporation Economics Group
Economic Data Roundup - United Kingdom: 8/3 MPC Interest Rate Decision by ODL Securities
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 8 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | 8.1% | 6.1% | 5.2% |
| Mar 8 | 11:00 | Industrial Production s.a. (MoM) | 1.9% | 0.3% | 0.1% |
German Jan industrial output grows 1.9 pct from Dec, beats consensus (AFX News)
German industrial output rose a seasonally adjusted 1.9 pct in January from December, beating a consensus forecast, according to preliminary data from the Economy and Technology Ministry.
[ Full Story ]- View the Germany Economics Ministry homepage
- German industrial output, better than expected (FXstreet.com)
- DATA SNAP: German Jan Indus Output Bounces 1.9% On Month -2- (Dow Jones)
- DATA SNAP: German Jan Indus Output Bounces 1.9% On Month (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 8 | 11:00 | DE | Industrial Production s.a. (MoM) | 1.9% | 0.3% | 0.1% |
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jan) | 8.1% | 6.1% | 5.2% | |
| 11:30 | EMU | Trichet Speaks at ECB Monthly News Conference | ||||
| 12:00 | GB | Bank of England Rate Decision (Mar 8) | 5.25% | 5.25% | 5.25% | |
| 12:45 | EMU | ECB Rate Decision | 3.75% | 3.50% | ||
| 13:30 | US | Initial Jobless Claims (Mar 3) | 332K | |||
| 13:30 | CA | New Housing Price Index (MoM) (Jan) | 0.3% | 5.0% | ||
| Mar 9 | 09:30 | GB | Industrial Product Price (MoM) (Jan) | 0.2% | 0.1% | |
| 09:30 | GB | Industrial Production (YoY) (Jan) | 0.5% | 0.4% | ||
| 11:00 | EMU | OECD Leading Index (Jan) | 109.3 | |||